HIVE is trading at $3.01 (-5.25%) in pre-market as the stock faces pressure from a broader crypto sell-off and lingering concerns regarding its recent financing.
- Bitcoin and Ethereum are down 2.84% and 3.19% respectively, creating a risk-off environment for crypto-linked equities.
- Sentiment remains dampened by the company’s announcement of a $115M zero-coupon exchangeable senior note offering.
- The stock continues its downward trend from the past week, tracking general weakness across the digital asset sector.